Within 3SLS and Between 3SLS. Verify that 3SLS on (7.21) with (left(I_{M} otimes tilde{X}ight)) as the set

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Within 3SLS and Between 3SLS. Verify that 3SLS on (7.21) with \(\left(I_{M} \otimes \tilde{X}ight)\) as the set of instruments yields (7.22). Similarly, verify that 3SLS on (7.23) with \(\left(I_{M} \otimes \bar{X}ight)\) as the set of instruments yields (7.24). These are the Within 3SLS and Between 3SLS estimators of \(\delta_{1}\), respectively.

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